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If the Relative Price of One Unit of Good Y

Question 100

Multiple Choice

If the relative price of one unit of good Y is 0.25 units of good Z, then it follows that the absolute price of good Z can be __________ and the absolute price of good Y can be __________.


A) $4,000; $2,000
B) $1,000; $2,000
C) $2,000; $1,000
D) $1,000; $250

Correct Answer:

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